National Real Estate Climate Index Decreased in July

In July, the national real estate climate index was 102.36, 0.72 and 1.64 points lower than the previous month, and over the same period last year.

The investment index of real estate development was 104.77, down by 0.02 from June, while that 1.36 points over same period of previous year. The total investment in real estate development from January to July was up to 1,588.4 billion yuan, up by 30.9 percent from the same period last year. Investment in residential buildings reached 1,148.6 billion yuan, 33.7 percent of increase. Of which, the completed investment in economically affordable housings was 45.9 billion yuan, rose by 25.2 percent

The index of capital source was 99.28, 0.91 and 3.36 points of decrease from June and same period of previous year. From January to July, the position fund of real estate development enterprises reached 2,225.2 billion yuan, a year-on-year increase of 19.1 percent. Of which, domestic loans, utilization of foreign investment, and self-rising funds achieved 457.2, 40.7 and 869.3 billion yuan, up by 15.7, 22.3 and 37.3 percent respectively.

The index of land space development was 96.71, up by 0.02 points compared with the previous month, while that down by 1.22 points from the same period last year. From January to July, the land space developed by real estate development enterprises was up to 148 million square meters, a year-on-year increase of 4.2 percent.

The index of floor space of buildings under construction was 105.87, 0.46 points lower from that was in June, while a year-on-year increase of 0.42 points. From January to July, the floor space of buildings under construction was 2229 million square meters, a year-on-year increase of 22.5 percent. Of this total, the floor space of residential housings was 1767 million square meters, up by 23.9 percent; the floor space of office buildings was 75.71 million square meters, up by 6.7 percent; that of the houses for business use was 233.75 million square meters, up by 13.8 percent.

The index of vacant floor space of commercial buildings was 105.49, down by 2.11 and 1.30 points from last month and same month last year. By the end of July, the vacant floor space of commercial buildings was 129 million square meters, a year-on-year increase of 6.1 percent. Of which, vacant floor space of residential housings stood at 65.38 million square meters, up by 4.6 percent, that of office buildings and houses for business use reached 8.14 and 39.90 million square meters, with a rise of 7.7 and 3.6 percent respectively.